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Mr. Tsend-Ochir, 37 sells the skins of livestock to customers. This business is kind of popular on the Mongolian market. He has been running his business for 5 years and buys his skins from the big outdoor market and sells them to the craftsmen in rural areas. Because most craftsmen in rural areas have difficulties to prepare their craft raw materials, they are expensive. He lives with his family in a common apartment in Kherlen, an eastern boundary town. His wife works as a vender in the grocery store and his son attends a secondary school. This time, Tsend-Ochir is requesting a loan to buy a large quantity of skins to prepare his inventory due to the large sales volume in the summertime. He believes that he will become one of the largest skin suppliers to the craftsmen in Mongolia.

Additional Information

About Credit Mongol

Credit Mongol is the largest non-banking financial institution (NBFI) in Mongolia. Its mission is to contribute to the prosperity of Mongolians by providing high-quality, affordable and varied financial services to micro-entrepreneurs and small-to-medium-sized businesses. It prioritizes serving remote, rural populations that have typically lacked access to credit and other financial services. Uniquely, it offers solar panel loans to nomadic herders, most of whom live without electricity.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,315.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,525 helped Tsend-Ochir to buy skins in a large amount to prepare his inventory due to the large sales volume in the summertime.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 24, 2012
May 28, 2012
Currency Exchange Loss:
Apr 17, 2013